Snail Games Subsidiary Interactive Films LLC Signs MOU with Mega Matrix Inc. (NYSE American: MPU) for Joint Short-Drama Development
Snail Games (Nasdaq: SNAL) announced that its subsidiary Interactive Films has signed an MOU with Mega Matrix Inc. (NYSE American: MPU) for joint short-drama development and distribution. The partnership aims to develop at least 10 short dramas over the next 12 months, leveraging Snail Games' AI and interactive technologies with MPU's production capabilities.
The collaboration targets the growing global mini program short drama market, projected to reach $25.68 billion by 2032 with a 20.81% CAGR. Interactive Films and MPU will jointly oversee creative direction, script development, production progress, and budgeting. The content will be distributed globally through both companies' platforms, focusing on North America, Southeast Asia, and other regions.
The MOU can be terminated with 60 days' written notice. MPU will manage outsourced production and post-production, while Snail Games will contribute its AI expertise for personalized recommendations and interactive storytelling features.
Snail Games (Nasdaq: SNAL) ha annunciato che la sua controllata Interactive Films ha firmato un Memorandum d'Intesa (MOU) con Mega Matrix Inc. (NYSE American: MPU) per lo sviluppo e la distribuzione congiunta di cortometraggi drammatici. La partnership punta a realizzare almeno 10 corti drammatici nei prossimi 12 mesi, sfruttando le tecnologie AI e interattive di Snail Games insieme alle capacità produttive di MPU.
La collaborazione si rivolge al mercato globale in crescita dei mini programmi di corti drammatici, previsto raggiungere un valore di 25,68 miliardi di dollari entro il 2032 con un CAGR del 20,81%. Interactive Films e MPU coordineranno insieme la direzione creativa, lo sviluppo dei copioni, il progresso della produzione e la gestione del budget. I contenuti saranno distribuiti a livello globale tramite le piattaforme di entrambe le aziende, concentrandosi su Nord America, Sud-est asiatico e altre regioni.
Il MOU può essere risolto con un preavviso scritto di 60 giorni. MPU gestirà la produzione e post-produzione esternalizzate, mentre Snail Games fornirà la sua esperienza in AI per raccomandazioni personalizzate e funzionalità di narrazione interattiva.
Snail Games (Nasdaq: SNAL) anunció que su subsidiaria Interactive Films ha firmado un Memorando de Entendimiento (MOU) con Mega Matrix Inc. (NYSE American: MPU) para el desarrollo y distribución conjunta de cortometrajes dramáticos. La asociación tiene como objetivo desarrollar al menos 10 cortos dramáticos en los próximos 12 meses, aprovechando las tecnologías de IA e interactivas de Snail Games junto con las capacidades de producción de MPU.
La colaboración se dirige al creciente mercado global de mini programas de cortos dramáticos, proyectado a alcanzar 25.68 mil millones de dólares para 2032 con una Tasa de Crecimiento Anual Compuesta (CAGR) del 20.81%. Interactive Films y MPU supervisarán conjuntamente la dirección creativa, el desarrollo de guiones, el progreso de la producción y el presupuesto. El contenido se distribuirá globalmente a través de las plataformas de ambas compañías, enfocándose en Norteamérica, el sudeste asiático y otras regiones.
El MOU puede ser terminado con un aviso escrito de 60 días. MPU gestionará la producción y postproducción subcontratada, mientras que Snail Games aportará su experiencia en IA para recomendaciones personalizadas y funciones de narrativa interactiva.
Snail Games (나스닥: SNAL)의 자회사 Interactive Films가 Mega Matrix Inc. (NYSE American: MPU)와 단편 드라마 공동 개발 및 배포를 위한 양해각서(MOU)를 체결했다고 발표했습니다. 이번 파트너십은 Snail Games의 AI 및 인터랙티브 기술과 MPU의 제작 역량을 활용하여 향후 12개월 동안 최소 10편의 단편 드라마를 개발하는 것을 목표로 합니다.
이번 협력은 2032년까지 256억 8천만 달러에 이를 것으로 예상되는 전 세계 미니 프로그램 단편 드라마 시장을 겨냥하며, 연평균 성장률(CAGR) 20.81%을 보일 것으로 전망됩니다. Interactive Films와 MPU는 창의적 방향 설정, 대본 개발, 제작 진행 및 예산 관리를 공동으로 담당합니다. 콘텐츠는 양사의 플랫폼을 통해 북미, 동남아시아 및 기타 지역을 중심으로 전 세계에 배포될 예정입니다.
MOU는 60일 전 서면 통지로 해지할 수 있습니다. MPU는 외주 제작 및 후반 작업을 관리하고, Snail Games는 개인 맞춤형 추천 및 인터랙티브 스토리텔링 기능을 위한 AI 전문 지식을 제공할 것입니다.
Snail Games (Nasdaq : SNAL) a annoncé que sa filiale Interactive Films a signé un protocole d’accord (MOU) avec Mega Matrix Inc. (NYSE American : MPU) pour le développement et la distribution conjointes de courts drames. Ce partenariat vise à développer au moins 10 courts drames au cours des 12 prochains mois, en exploitant les technologies d’IA et interactives de Snail Games ainsi que les capacités de production de MPU.
La collaboration cible le marché mondial en pleine croissance des mini-programmes de courts drames, dont la valeur devrait atteindre 25,68 milliards de dollars d’ici 2032 avec un TCAC de 20,81%. Interactive Films et MPU superviseront conjointement la direction créative, le développement des scénarios, l’avancement de la production et la gestion du budget. Les contenus seront distribués mondialement via les plateformes des deux sociétés, en se concentrant sur l’Amérique du Nord, l’Asie du Sud-Est et d’autres régions.
Le protocole d’accord peut être résilié avec un préavis écrit de 60 jours. MPU gérera la production et la postproduction externalisées, tandis que Snail Games apportera son expertise en IA pour les recommandations personnalisées et les fonctionnalités de narration interactive.
Snail Games (Nasdaq: SNAL) gab bekannt, dass seine Tochtergesellschaft Interactive Films eine Absichtserklärung (MOU) mit Mega Matrix Inc. (NYSE American: MPU) für die gemeinsame Entwicklung und Verbreitung von Kurzdramen unterzeichnet hat. Die Partnerschaft zielt darauf ab, innerhalb der nächsten 12 Monate mindestens 10 Kurzdramen zu entwickeln und dabei Snail Games' KI- und interaktive Technologien mit MPUs Produktionskapazitäten zu kombinieren.
Die Zusammenarbeit richtet sich auf den wachsenden globalen Markt für Mini-Programm-Kurzdramen, der bis 2032 voraussichtlich 25,68 Milliarden US-Dollar erreichen wird, bei einer jährlichen Wachstumsrate (CAGR) von 20,81%. Interactive Films und MPU werden gemeinsam die kreative Leitung, Drehbuchentwicklung, Produktionsfortschritte und Budgetierung überwachen. Die Inhalte werden weltweit über die Plattformen beider Unternehmen vertrieben, mit Fokus auf Nordamerika, Südostasien und weitere Regionen.
Das MOU kann mit einer Frist von 60 Tagen schriftlich gekündigt werden. MPU übernimmt die Verwaltung von ausgelagerter Produktion und Postproduktion, während Snail Games seine KI-Expertise für personalisierte Empfehlungen und interaktive Erzählfunktionen einbringt.
- Partnership expands Snail Games' content portfolio in the growing short-drama market
- Access to MPU's established production and distribution capabilities
- Targeting high-growth market with 20.81% CAGR projection
- Integration of AI technology may create competitive advantage in content delivery
- MOU can be terminated with 60 days' notice, creating partnership uncertainty
- No financial terms or revenue sharing details disclosed
- Success depends on unproven synergy between gaming and short-drama content
Insights
Snail Games expands into growing short-drama market through non-binding MOU with MPU, targeting content diversification with minimal financial commitment.
Snail Games' subsidiary Interactive Films has signed a non-binding Memorandum of Understanding with Mega Matrix Inc. to jointly develop and distribute short-form drama content globally. This represents a strategic diversification effort beyond Snail's core gaming business into a potentially lucrative adjacent market.
The partnership aims to leverage complementary strengths: Snail's expertise in artificial intelligence and interactive storytelling combined with MPU's production capabilities and distribution network. The companies have committed to co-developing at least 10 short dramas over a 12-month period, though either party can terminate the agreement with 60 days' notice.
This expansion targets a rapidly growing sector - according to cited research, the global mini-program short drama market is projected to grow at a
The division of responsibilities appears well-structured: MPU will manage production operations while both companies will collaborate on creative direction, script development, and budgeting. Distribution will occur through both companies' platforms and established international channels across North America and Southeast Asia.
For Snail Games, this represents an incremental step in content diversification rather than a transformative deal. The non-binding nature and absence of financial details suggest immediate impact on revenue. However, the partnership provides a structured entry point into a growing entertainment vertical with minimal upfront commitment while potentially creating synergies with Snail's existing technological capabilities.
CULVER CITY, Calif., April 21, 2025 (GLOBE NEWSWIRE) -- Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, announced that its wholly owned subsidiary, Interactive Films LLC (“Interactive Films”), has signed a Memorandum of Understanding (MOU) with Mega Matrix Inc. (NYSE American: MPU). Under this MOU, both parties will leverage their respective strengths to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas, further enhancing their presence in the entertainment industry.
Mr. Hai Shi, Chairman and Co-CEO of Snail Games, commented, “Today’s announcement represents a strategic step forward in advancing Interactive Films’ short-drama business line and expanding our growing portfolio of original short dramas alongside MPU. According to WiseGuyReports1, the global mini program short drama market is expected to grow at a strong
Mr. Yucheng Hu, CEO of MPU, also commented, “This partnership marks an important step for MPU as we expand our content portfolio and strengthen our presence in the global short-drama industry. Short dramas are seeing increasing popularity, with audience demand for binge-worthy, serialized content on the rise. With Snail Games’ expertise in artificial intelligence (AI) and immersive storytelling, combined with MPU’s established production and distribution capabilities, we believe this collaboration has the potential to deliver compelling content that resonates with global audiences.”
Under the MOU, Interactive Films and MPU will collaborate on the creative direction and script development of short dramas, jointly overseeing production progress and budgeting. The content will be distributed globally through both companies’ platforms. Leveraging its experienced in-house team and extensive expertise in short-drama production, MPU will oversee outsourced production and post-production of the short drama to ensure high-quality content. Additionally, Snail Games’ expertise in AI and interactive technologies, honed through game development, may be integrated into personalized recommendations and interactive storytelling, delivering a next-generation immersive viewing experience for audiences.
Over the next 12 months (unless the MOU is earlier terminated upon 60 days’ written notice to the other party), Interactive Films and MPU have committed to co-developing at least 10 short dramas. By utilizing their well-established international distribution channels in gaming and micro-drama markets, the Company believes these productions will quickly reach audiences across North America, Southeast Asia, and other global regions, further amplifying both companies’ influence in the global entertainment sector.
This strategic partnership marks a further expansion of Snail Games’ short drama business and represents a significant milestone in MPU’s expansion within the entertainment industry. Through this collaboration, both companies can combine their strengths in content creation and technology, while leveraging MPU’s global distribution network to accelerate the global rollout of the short dramas. This collaboration is expected to accelerate Interactive Films’ business and short film portfolios while providing audiences with a diverse selection of high-quality short dramas.
1https://www.wiseguyreports.com/reports/mini-program-short-drama-market
About Mega Matrix Inc.
Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.
About Snail Games
Snail Games (Nasdaq: SNAL), is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices. For more information, please visit: https://snail.com/
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "may," "predict," "continue," "estimate" and "potential," or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding the respective strengths of Snail and MPU to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas; however, the MOU is not fully binding on either party and may be terminated upon 60 days’ written notice to the other party. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed by the Company with the SEC on March 26, 2025 and other documents filed by the Company from time to time with the SEC, including the Company's Forms 10-Q filed with the SEC. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
Contacts:
Investors:
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
SNAL@gateway-grp.com
Press:
press@snailgamesusa.com
FAQ
What is the expected market size for mini program short dramas by 2032 according to the Snail Games (SNAL) announcement?
How many short dramas will Snail Games (SNAL) and Mega Matrix develop under their MOU?
What are the key responsibilities of each company in the Snail Games (SNAL) and MPU partnership?
What regions will the short dramas be distributed in under the Snail Games (SNAL) agreement?
